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A report set to be considered by the authority’s cabinet members recommends approving the bid.

It reads: “To use powers under the General Disposal Consent (Wales) 2003 to lease the former Bron y Foel School site, directly to Canolfan y Fron for less than market rent, to ensure the provision of social, economic or environmental benefits.”

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The document states that letting directly to Canolfan y Fron would have the potential to create jobs, encourage tourists to visit the area and support small business development.

Canolfan y Fron, according to the report, intends to “invest heavily” in the property, and should the community project fail for any reason, the property will remain in the council’s ownership.

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It would then be possible for the council to dispose of the property, which is valued at around £70,000, on the open market.

Jim Embrey, chairman of Canolfan Y Fron, who have been working on the project since the closure of Ysgol Bronyfoel was announced three years ago, said: “We have been working with Gwynedd Council since then and have had a lot of support from councillors and officers.

“We hope our application for the lease is approved in order to realise this project and regenerate the village of Y Fron and the surrounding area. “